Ademi LLP is investigating OneStream (NASDAQ: OS) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Hg.
In the transaction, OneStream stockholders will be entitled to receive $24.00 per share in cash in a transaction valued at approximately $6.4 billion. OneStream insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for OneStream by imposing a significant penalty if OneStream accepts a competing bid. We are investigating the conduct of the OneStream board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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